Avnet Completes Magirus Buy
Phoenix, Arizona-based Avnet said today that it has completed its acquisition of Magirus Group, a European distributor of computing products. Terms of the deal have not been disclosed, however Magirus has approximately $500M in annual revenues. Magirus distributes IBM and Hewlett Packard products into Europe and Dubai. The deal was originally disclosed in July.
posted on Monday, October 8, 2007
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